Like most of the western and southwestern states, the federal government owns much of the land in Utah. Over 70 percent of the land is either BLM land, Utah State Trustland, or U.S. National Forest, U.S. National Park, U.S. National Monument, National Recreation Area or U.S. Wilderness Area. Utah is the only state where every county contains some national forest.
Major industries of Utah include: mining, cattle ranching, salt production, and government services.
In 2014, Utah was ranked number one in Forbes’ list of “Best States For Business”. A November 2010 article in Newsweek magazine highlighted Utah and particularly the Salt Lake City area’s economic outlook, calling it “the new economic Zion”, and examined how the area has been able to bring in high-paying jobs and attract high-tech corporations to the area during a recession.
In eastern Utah petroleum production is a major industry. Near Salt Lake City, petroleum refining is done by a number of oil companies. In central Utah, coal production accounts for much of the mining activity.
According to Internal Revenue Service tax returns, Utahns rank first among all U.S. states in the proportion of income given to charity by the wealthy. This is due to the standard 10% of all earnings that Mormons give to the LDS Church. According to the Corporation for National and Community Service, Utah had an average of 884,000 volunteers between 2008 and 2010, each of whom contributed 89.2 hours per volunteer. This figure equates to $3.8 billion of service contributed, ranking Utah number one for volunteerism in the nation.
Tourism is a major industry in Utah. With five national parks and eight national monuments (Cedar Breaks, Dinosaur, Grand Staircase-Escalante, Hovenweep, Natural Bridges, Bears Ears, Rainbow Bridge, and Timpanogos Cave), two national recreation areas (Flaming Gorge and Glen Canyon), seven national forests (Ashley, Caribou-Targhee, Dixie, Fishlake, Manti-La Sal, Sawtooth, and Uinta-Wasatch-Cache), and numerous state parks and monuments there is much to attract visitors.
Utah has seen an increase in tourism since the 2002 Winter Olympics. Park City is home to the United States Ski Team. Utah’s ski resorts are primarily located in northern Utah near Salt Lake City, Park City, Ogden, and Provo. Between 2007 and 2011 Deer Valley in Park City, has been ranked the top ski resort in North America in a survey organized by Ski Magazine.
Utah features many cultural attractions such as Temple Square, the Sundance Film Festival, the Red Rock Film Festival, the DOCUTAH Film Festival, the Utah Data Center, and the Utah Shakespearean Festival.
Temple Square is ranked as the 16th most visited tourist attraction in the United States by Forbes magazine, with over five million annual visitors.
Other attractions include Monument Valley, the Great Salt Lake, the Bonneville Salt Flats, and Lake Powell.
Since the days of the Utah Territory mining has played a major role in Utah’s economy. Mining settlements were characteristic of the boom and bust cycle that dominated mining towns of the American West. Park City, Utah, and Alta, Utah were a boom towns in the early twentieth centuries. Rich silver mines in the mountains adjacent to the towns led to many people flocking to the towns in search of wealth. During the early part of the Cold War era, uranium was mined in eastern Utah.